Final answer:
In an external environmental analysis, the two important elements that need to be identified are opportunities and threats.
Step-by-step explanation:
In an external environmental analysis, the two important elements that need to be identified are opportunities and threats. Opportunities refer to external factors that can positively impact the organization, such as emerging markets, technological advancements, or changing consumer preferences. Threats, on the other hand, are external factors that may pose risks to the organization, such as competition, economic downturns, or regulatory changes.
In an external environmental analysis, the two important elements that need to be identified are opportunities and threats.